You want as clean a slate as possible when the lender checks your background finances.
Tip #4 – Obtain pre-approved mortgage quotes from at least “3” different lender sources based on the maximum amount you’re interested in borrowing. ... This is where we can suggest Quicken Loans, perhaps a traditional bank like Wells Fargo or Chase, and one mortgage loan aggregator like LendingTree that provides quotes to multiple lender options at once.
Tip #5 – Read the fine print as part of the loan terms. ... Tip #5 – Read the fine print as part of the loan terms. Make sure the loan quote does not contain any sort of pre-payment penalty, and see if you can remove or negotiate down any closing costs if they exist.